Pros and Cons Globalization PDF

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Globalization Pros and Cons Pros 1.

It allows the spread of ideas across borders. Economic, political, social

or cultural, 2.

There is a greater availability of resources from other countries. For

example, oil companies, like ExxonMobil, have several drilling sites in countries other than the United States. 3.

Trade agreements with other countries improve the world economy.

Countries can import products that are not easily accessible or export products other countries are in need of. 4.

Companies become more competitive, so they lower prices for

consumers. 5.

It gives developing countries the chance to rise economically. Many

developing countries are introduced to new technologies not previously at their disposal. Cons 1.

There is a loss of domestic jobs because companies are outsourcing to

cut the cost of labor. 2.

Health risks rise because diseases are easily able to travel across

borders through trade routes and leisure traveling. 3.

There are not regulations in place for the large multi-national

corporations (TNCs). 4.

Makes the rich richer.

5.

The influence of TNCs on politics of other countries can be detrimental....